Chainfeeds Guide:
meme coins should evolve into "social currencies" to drive the development of the crypto industry. Social currencies are the evolved form of meme coins, and their success depends on execution rather than luck, potentially leading to a new transformation in the crypto field. Chinese version compiled and published by BlockBeats.
Article Source:
https://www.theblockbeats.info/news/57512
Article Author:
LucaNetz
Perspective:
LucaNetz: The cryptocurrency market over the past 18 months has been like a roller coaster, during which we witnessed the rise of meme coins. Although meme coins are not a new phenomenon - in fact, they are one of the oldest forms of cryptocurrency - they have once again proven to be the preferred vehicle for participating in the most unique mechanism of cryptocurrency (speculation). Despite the inherently pure and almost artistic nature of meme coins, they also have a dark side. No, the problem is not with insiders or small groups - this is a common ailment plaguing the entire cryptocurrency field. In my view, the real issue lies in the lack of effort, missed opportunities, and people's conservative approach to building meme coins. Perhaps I am naive, but I refuse to accept that meme coins should stop here - at least I hope not. I firmly believe that the Trojan horse for cryptocurrency popularization is intellectual property (IP), as it can establish credibility in a domain lacking trust ladders, and meme coins, like Non-Fungible Tokens, are a form of IP. Meme coins have a huge opportunity to drive the crypto industry's development by penetrating the minds of ordinary people. However, they have not broken through the potential boundaries of their crypto-native roles and instead remain stagnant, lacking originality and becoming mediocre. I am concerned that if the status quo is maintained, they will do more harm than good. To make this category thrive, meme coins must evolve, and I firmly believe the direction of evolution is to become social currencies - tokens that will transcend lazy pump and dump, transforming into scalable, memorable, and beloved IP. My argument is not to replace meme coins with social currencies, but to add a final stage to their growth roadmap. Meme coins must graduate from meaningless on-chain images and evolve into socially productive and perceptive currencies that can drive the crypto industry's development. I believe some tokens already belong to this category. This article will explore the current state of meme coins, why successful projects should evolve into social currencies, and the impact of social currencies on the crypto field. In simple terms, social currencies are meme coins with fundamentals - they are progressive, perceptive, and focused on cultivating communities that can sustainably create viral effects, rather than extracting value from short-lived hype. In my view, all social currencies initially start as meme coins, but as momentum accumulates, they must evolve into social currencies. To realize their true potential, meme coins need to be promoted to social currencies in their final evolutionary chapter. Tokens that create culture, cultivate deep community bonds, and integrate into real-world applications will define the new crypto era. The transition from stagnant speculative assets to dynamic participating ecosystems is not only necessary but inevitable.
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